Regulatory Alerts2016-04-05
Added · Updated
Refinement of the Renminbi Liquidity Facility
The Hong Kong Monetary Authority has implemented minimum interest rates for the Renminbi Liquidity Facility effective 31 March 2016. Intraday repo rates are now calculated as the average of the three most recent TMA overnight CNH HIBOR fixings with a 0% floor. Overnight repo rates are set at the same average plus 50 basis points, subject to a minimum rate of 0.50%.
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